Ahmed Rostom, Minister of Planning and Economic Development, inaugurated a high-level consultation session with the World Bank Group to examine an infrastructure financing and guarantee mechanism for Egypt.
The session brought together senior Egyptian officials including Hussein Eissa, Deputy Prime Minister for Economic Affairs, and Mahmoud Essmat, Minister of Electricity and Renewable Energy. Participants discussed ways to diversify financing sources and strengthen public-private partnerships.
Hussein Eissa stressed that introducing local-currency financing and guarantee mechanisms would support the broader economic reform agenda, particularly in the energy and housing sectors. He noted the need for additional investments to back industrial and agricultural development.
Yira J. Mascaro of the World Bank Group underscored the institution's commitment to deepening cooperation with Egypt. Saad Sabra of the International Finance Corporation added that the proposed mechanism could attract further international investors.